The Form 941 is not meant for reporting backup withholding and non-payroll income tax withholding payments, such as annuities, pensions, and gambling winnings. These payments have to be reported in the annual Form 945. There are a number of situations that exempt employers from having to submit Form 941. Firstly, if they are hiring seasonal [...]
The Form 941 is not meant for reporting backup withholding and non-payroll income tax withholding payments, such as annuities, pensions, and gambling winnings. These payments have to be reported in the annual Form 945. There are a number of situations that exempt employers from having to submit Form 941. Firstly, if they are hiring seasonal [...]